Burger King reported a 1.4% increase in third-quarter revenue as the fast-food chain reported higher sales at home and in most markets abroad, results that were far better than what McDonald’s served recently. Here’s what you need to know about the latest earnings report.
What you need to know: Burger King’s results were solid considering the pressure many major household brands are facing as consumer eating habits change in mature markets like the U.S. and Europe. The company’s comparable sales grew 3.6% in the U.S. and Canada, better than the 2.5% growth projected by analysts surveyed by Consensus Metrix. Total comparable sales across all regions climbed 2.4%, matching analysts’ expectations and easily besting the 3.3% decline that McDonald’s reported last month. After that poor report, McDonald’s said it would focus more on food quality and digital payments to help improve its results.
What helped fuel Burger King’s stronger performance…
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